Common use of Change of Control Acceleration Clause in Contracts

Change of Control Acceleration. In the event of a Change of Control (as defined in the LTIP in its form as in effect on the Effective Date), and notwithstanding any applicable vesting schedule, all awards granted to Executive under the LTIP shall immediately vest.

Appears in 4 contracts

Samples: Employment Agreement (Oxford Resource Partners LP), Employment Agreement (Oxford Resource Partners LP), Employment Agreement (Oxford Resource Partners LP)

AutoNDA by SimpleDocs

Change of Control Acceleration. In the event of a Change of Control (as defined in the LTIP in its form as in effect on the Effective Datedate of execution hereof), and notwithstanding any applicable vesting schedule, all awards granted to Executive under the LTIP shall immediately vest.

Appears in 1 contract

Samples: Employment Agreement (Oxford Resource Partners LP)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!